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In a report published Tuesday, Deutsche Bank analyst Rod Lache reiterated a Buy rating on
Ford Motor CompanyF, but lowered the price target from $20.00 to $18.00.
In the report, Deutsche Bank noted, “The company appears to be increasingly focused on ways to leverage their benchmark new product development capability into above-market global growth. And we also noted that Ford is now explicitly planning to ramp up returns of capital to shareholders (based on disclosures provided, we believe that Ford is targeting roughly $26 bn in regular and one time dividends in the 2015-2020 timeframe). We are maintaining our Buy based on valuation.”
Ford Motor Company closed on Monday at $15.11.
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